Fed's Beige Book: "Upward wage pressures increased and were moderate on balance"
14 September 2016, 18:06
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Fed's Beige Book "Prepared at the Federal Reserve Bank of San Francisco
and based on information collected on or before August 29, 2016."
Reports from the twelve Federal Reserve Districts suggest that
national economic activity continued to expand at a modest pace on
balance during the reporting period of July through late August. Most
Districts reported a "modest" or "moderate" pace of overall growth.
However, Kansas City and New York reported no change in activity, and
Philadelphia and Richmond noted that